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Below is an Interesting article I found, which says that.....Do not : w9 @& e9 U1 c* n" _3 d/ {, p) B C; a
expect much from Crude Oil producers and future is not with the / o9 l% f. Z9 q0 D8 B/ Y, v
companies producing Jet fuels but Biofuels. Also no wonder if some of
9 g2 x7 @# A [$ {$ H& d$ G) }these oil producer will go bankrupt or out of the business even if
5 ]( g; a. Q" N5 H9 ~0 @" ?crude prices improves. This implies also to good names such as Shell,
$ n, @; {7 c3 q1 b: REXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few % P2 y4 X# ^3 @: ^5 V( q2 i
months. There are three wars going on in Gaza, Iraq and Afghandistan. : S; T, B2 Q' x5 J x! N0 D" ]& x
A year ago these things would have spiked the price of crude oil by at
6 f+ E9 ^& s0 t s3 R/ I$ o" Xleast $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face - D3 b1 m6 Z/ j" L- x* E0 T; T' x: S
of so much news. These reasons are:
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' b! c( x3 G" H; M" U% a1. New oil has been found in Canada, Montana, North & South Dakota and - F4 Q, F/ y+ N- k: [
in the ocean near Brazil. Each of these oil fields has more oil than ' h2 h) }5 z% A1 @( N
Arabia. ! U7 P/ V% x$ [- x; G
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, K: ~5 d0 c5 ?3 Z' ]2. New natural gas has been found in Pennsylvania and West Virginia. + o+ @' M: r& j( l* Z
This is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
: ^; v2 V: F/ P' T- ~/ i" y9 cbeing used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio # m2 j* P* k0 l1 E0 C Z7 g( E
fuel is being produced from many plants and algae. The production
. S# w& V9 @' g6 L0 D3 B" H2 R E/ Gpotential per acre in some cases is astounding. Many countries are
& s! B! M" w- Fracing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants ! |9 A( D- X6 ]7 B
are now selling their used oil to bio-diesel producers. Every pork, ; ]) l4 w V j( ?0 O
cattle, turkey and chicken processing plant will soon sell their fat 4 F c' z4 a6 d
to bio-diesel producers. One pork processing plant in Oklahoma is . y$ x. ^+ t- W, F) P: ~2 f5 Q3 m4 ^
producing 30,000 gallons of bio-diesel per day from pork fat.
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6. There are 99 nuclear reactors in various stages of planning and , ~0 g, h7 i! |
construction around the world at this time. Several hundred more are
8 ?. q) B$ J) [. f; Kexpected to be built in the future. Much of the energy they produce
, w$ ]) U: f3 I9 s9 a# y' R3 [2 i& cwill replace oil. ! ]( d* U% X7 y% d/ y8 K
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/ z. H9 a5 |! [9 _8 }1 b" {( ?7. Every company in any form of transportaion business is replacing
& K$ Q/ b; R2 O. m6 i4 Rolder equipment such as trucks, airplanes, train engines, ships, etc.
* |3 t7 D4 p; Bwith new more fuel efficient equipment. Airlines and railway companies - k! R1 p9 W M3 {4 T* A$ W
are experiencing 20% to 25% better fuel econony with the new " I; p5 k' B7 L# u! { B
equipment. 5 c7 G! X v! v) ]7 I) `" y6 n
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Airlines are flying airplanes with bio-fuel. They are finding the bio- $ Y( u5 ^+ L$ F1 D% H% x% s5 a) I
fuel is cleaner and performs better than jet fuel. . m. \. `/ ~0 P4 L# S" `
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2 m4 p; v; I7 r1 ~. t8. Cities and counties throughout the US are selling the rights to 2 Z3 n- v! e$ }1 `: x4 ?( Y5 q
capture methane gas from landfills. This is a huge source of gas 4 j( Z6 C, W1 O% H8 @- d
available at very little cost or risk. The gas is displacing crude
$ |3 g$ ^$ J2 T3 k; x _oil. + o, z' S- {2 W2 g. u/ M$ X/ r
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 , Y/ T& @7 e% \" x7 m
produced as a byproduct is sold to oil companies for injection into
+ T4 s( ? J, c' L$ Moil wells. : f8 Z0 n: W, q5 P
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10. Solar, wind and ocean energy is displacing oil as an energy
: a. [8 p) A N2 n) z& Ksource. Three new wind turbines are being erected every day in the US.
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. {2 S ~. M9 t; l$ EEach of the above by itself will not make a large difference in the % P% O7 l- u( k) E) h
price of crude oil but the sum of all of them together is world * b) S. x2 o' P1 g; _
changing. The important thing is that OPEC no longer has the ability
. m e8 o9 ?! Z- Y) ?/ y$ \to control oil prices. 4 S; M4 q' ]( N% g. J
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With the above scenario, I still believe that there are under
4 \2 L9 l W8 hperformed OIL companies and probably they are yet to get the justified ! T) ?! e _) I" Y
value .....
& W+ H/ }: H |$ W3 zIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
9 Q- J/ V0 {6 H# `! Q5 F; z2 l2 Q9 r2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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